Hundreds of billions of dollars change hands in the stock market on a daily basis. With this huge amount of money moving around daily, the average investor never becomes rich in the stock market. Why is this?

Average investors do not know how to apply psychology and business acumen to investment decisions. Instead they attempt to mimic the behaviors of successful investors such as Warren Buffett, George Soros, and Carl Icahn in a desperate bid to achieve half their success. Millions of investors mimic these strategies and still do not become rich.

This fact applies universally – even the most successful psychologists, corporate executives, statisticians, and finance professors cannot seem to leverage their knowledge to succeed in the market.

Does this mean that it is impossible to become rich in the stock market? Of course not; it is very possible. The distinguishing difference between the average investor and the successful investor is a history of consistent, insightful trading.

Becoming better than the average investor means seeking out knowledge that the average investor does not have. Nearly all investment books are devoid of this prized knowledge – which is why the average investor, reading the average investment book, never acquires sufficient insight to succeed in the market.

“The Stock Market Outsider: Becoming a Billionaire” ventures into a realm beyond that of the average investment book. It provides an interesting, practical approach to succeeding in the market using psychology and business acumen to drive investment decisions. The book focuses on the core principle of stock market success – investing in businesses that are most likely to increase in value and understanding when to enter and exit positions. It disregards the unnecessarily complex and risky trading strategies that many traders use to their own doom – strategies that are closer to gambling than true investing.

Product description

Product Description

Hundreds of billions of dollars change hands in the stock market on a daily basis. With this huge amount of money moving around daily, the average investor never becomes rich in the stock market. Why is this?

Average investors do not know how to apply psychology and business acumen to investment decisions. Instead they attempt to mimic the behaviors of successful investors such as Warren Buffett, George Soros, and Carl Icahn in a desperate bid to achieve half their success. Millions of investors mimic these strategies and still do not become rich.

This fact applies universally – even the most successful psychologists, corporate executives, statisticians, and finance professors cannot seem to leverage their knowledge to succeed in the market.

Does this mean that it is impossible to become rich in the stock market? Of course not; it is very possible. The distinguishing difference between the average investor and the successful investor is a history of consistent, insightful trading.

Becoming better than the average investor means seeking out knowledge that the average investor does not have. Nearly all investment books are devoid of this prized knowledge – which is why the average investor, reading the average investment book, never acquires sufficient insight to succeed in the market.

“The Stock Market Outsider: Becoming a Billionaire” ventures into a realm beyond that of the average investment book. It provides an interesting, practical approach to succeeding in the market using psychology and business acumen to drive investment decisions. The book focuses on the core principle of stock market success – investing in businesses that are most likely to increase in value and understanding when to enter and exit positions. It disregards the unnecessarily complex and risky trading strategies that many traders use to their own doom – strategies that are closer to gambling than true investing.

About the Author

Philip Fanara is an author, contributor to TheStreet, and Certified Internal Auditor with a career broadly spanning over multiple business areas. He is an avid data miner, possessing over 10 years of investment experience, an M.B.A. from Louisiana State University, and is certified in Risk Management Assurance. "The Stock Market Outsider: Becoming a Billionaire" is the culmination of his years of experience, education, and research on business and investments. The strategy detailed throughout the book was developed after devoting a year to intensely analyzing market data, psychology, and his past trading successes and failures.

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Excellent book, I liked how simple and direct the author was. The strategy is logical and understandable. I did not really find anything about protecting your downside however, that was my only issue. Otherwise, well worth the read!

Most helpful customer reviews on Amazon.com

Amazon.com:
4.1 out of 5 stars
59 reviews

D Roberts

5.0 out of 5 starsA Great Book and Plan

20 August 2014 - Published on Amazon.com

Format: Kindle EditionVerified Purchase

I really had a great time reading The Stock Market Outsider. Now, I don’t see myself becoming a billionaire, but the idea here in the book is about setting goals and having a plan. I have a 401k, like most, and it was nice to get a better grip on some understanding and insight. In that regard, Philip Fanara is most impressive. He’s a great writer, whether it is recounting some of his early life lessons or clearly explaining bonds, stock options, and ETFs.It’s all here, and is given to you straightforward and very clear. He has a quick wit, that had me laughing, but he stays on point and doesn’t use a bunch of fancy trading words that don’t help you understand. My favorite part is the formula to calculate a company’s standings, couldn’t believe the great template that I think I’ll always use.

The strategy described in this book is very rational. Its rare to find books where the author himself shows his exact trading system and shows the facts and reasons for why it works. Clearly after reading this book I realized how bad some of my investing decisions were, such as buying stocks with no earnings or any stable financial backgrounds. He made me realize I still had emotions I thought I didn't have which is important to get rid of. This book is also only 144 pages long and is written well, so Its easy to read this in one day and yet take in more valuable information than books more than 200.

4.0 out of 5 starsAlso pull up the suggested web sites and excel workbooks as you read so to get a better understanding while in progress

17 February 2016 - Published on Amazon.com

Format: Kindle EditionVerified Purchase

Interesting plan. My suggestion is to take notes especially of ratios and where you want them and don't want them. Also pull up the suggested web sites and excel workbooks as you read so to get a better understanding while in progress.